| 1 | 1 | | 86R9192 TJB-D |
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| 2 | 2 | | By: Alvarado S.B. No. 492 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the application of the limit on appraised value of a |
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| 8 | 8 | | residence homestead for ad valorem tax purposes to an improvement |
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| 9 | 9 | | that is a replacement structure for a structure that was rendered |
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| 10 | 10 | | uninhabitable or unusable by a casualty or by wind or water damage. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 23.23(g), Tax Code, is amended to read as |
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| 13 | 13 | | follows: |
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| 14 | 14 | | (g) In this subsection, "disaster recovery program" means a |
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| 15 | 15 | | [the] disaster recovery program [administered by the General Land |
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| 16 | 16 | | Office that is] funded with community development block grant |
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| 17 | 17 | | disaster recovery money authorized by federal law [the Consolidated |
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| 18 | 18 | | Security, Disaster Assistance, and Continuing Appropriations Act, |
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| 19 | 19 | | 2009 (Pub. L. No. 110-329) and the Consolidated and Further |
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| 20 | 20 | | Continuing Appropriations Act, 2012 (Pub. L. No. 112-55)]. |
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| 21 | 21 | | Notwithstanding Subsection (f)(2), and only to the extent necessary |
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| 22 | 22 | | to satisfy the requirements of a [the] disaster recovery program, a |
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| 23 | 23 | | replacement structure described by that subdivision is not |
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| 24 | 24 | | considered to be a new improvement if to satisfy the requirements of |
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| 25 | 25 | | the disaster recovery program it was necessary that: |
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| 26 | 26 | | (1) the square footage of the replacement structure |
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| 27 | 27 | | exceed that of the replaced structure as that structure existed |
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| 28 | 28 | | before the casualty or damage occurred; or |
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| 29 | 29 | | (2) the exterior of the replacement structure be of |
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| 30 | 30 | | higher quality construction and composition than that of the |
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| 31 | 31 | | replaced structure. |
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| 32 | 32 | | SECTION 2. This Act applies only to the appraisal of a |
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| 33 | 33 | | residence homestead for ad valorem tax purposes for a tax year that |
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| 34 | 34 | | begins on or after the effective date of this Act. |
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| 35 | 35 | | SECTION 3. This Act takes effect January 1, 2020. |
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